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For Rent...still

May 15th, 2010 at 01:48 pm

Well it's been some time since I posted. I went to Las Vegas for 3 days. The whole trip including airfare cost $620.00. I was prepared to spend double that- so I am thrilled. 7 women in Las Vegas gets you lots of free passes into good clubs.

I am still trying to rent the upstairs unit. I have 3 showings today. Every day I think is THE DAY where it will rent and I can forget about it. But not yet. I started out on the high end of the rent scale and now I am a little lower than I feel comfortable being. I plan to put $500 into the unit in new carpeting/re plastering/painting walls...and I will only be collecting an extra $10 a month than I am collecting now.

I feel bad for the boys currently living there- 4-5x a week I am going through the unit for a showing. They don't help it much though- they have posters and black out curtains over the huge lead glass windows. They have cables running all over the floors...and the laundry sits in heaps everywhere.

I cant wait for the unit to sit vacant so I can give it a good cleaning. I feel that once the upgrades have been made- the unit will command much higher rent than I am currently listing it for.

So I don't know if I should take it off the market until after the boys move out and the upgrades are in place. So I can list it for a higher rent. Or secure the renters at the lower rent, put in the upgrades and know that I have probably secured long term renters because they will be living in a posh place for a low price.

Ahhh...I'll just show the unit 3 x today and see what happens. Time to stop over analyzing things.

Posted in Owning a house | 5 Comments »

5 Responses to “For Rent...still”

  1. momcents Says:
    May 15th, 2010 at 02:25 pm 1273933548
    1273933548


    Here in the Midwest, rental units are moving VERY slowly. I thought it would be easier to rent two apartment that it has been. Seems like having to pay a security deposit upfront is a challenge in my area - people are now asking upfront if the security deposit can be paid AFTER it is received from the unit they are vacating. Plus we're still pretty adamant about credit checks and good references which is putting some people off. Good luck though!

  2. Ima saver Says:
    May 15th, 2010 at 04:27 pm 1273940868
    1273940868

    Hope you get it rented soon!

  3. whitestripe Says:
    May 15th, 2010 at 10:58 pm 1273964321
    1273964321

    i would wait. the money you will lose with a week or two of not renting you'll probably make up for by being able to show the unit in full potential once it's clean, light, free of furniture etc. plus, houses (& especially units) ALWAYS look bigger when there is no furniture. Wink you can literally see future renters mind ticking over planning where everything will go. when a previous tenant already has stuff there, it's different.

  4. frugaltexan75 Says:
    May 16th, 2010 at 12:32 am 1273969952
    1273969952

    I agree. I think you'd be better off waiting till the apartment is clear and clean to show it.

  5. baselle Says:
    May 17th, 2010 at 01:14 am 1274058875
    1274058875

    I think I'd wait. Speaking from the renter side, whenever I looked for a place I always needed it nearly immediately, or at latest by the end of the month. Seeing places with other tenants still in was unappealing not only for what whitestripe mentioned but also for timing reasons. The other tenants might drag their feet & not be out by the time you want to be in, you sometimes deal with the old tenants' friends, drama and discarded crap (the VERY last thing new tenant wants) and if you wanted to beg/pay your new landlord to move in a day or two early - that was a lot easier to swing if the place is empty.

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